An Act making changes to certain references in the banking laws of the Commonwealth

This bill updates Massachusetts banking laws to modernize references and terminology used in the state's financial regulations. It primarily affects the Department of Financial Protection and Innovation and the various types of financial institutions it oversees, including savings banks, cooperative banks, and mutual banks. The legislation replaces outdated chapter numbers and specific bank types with current legal citations and simplifies language regarding how different banks can merge or organize. Additionally, it changes specific terms like "muform" to "mutual" and updates descriptions of corporate governance procedures to align with existing statutes. Overall, the act serves as a technical correction to ensure the banking code accurately reflects the current structure of the state's financial system.